Fisher Funds submitter complained about performance fees

Fisher Funds submitter complained about performance fees
Fisher Funds chief executive Bruce McLachlan says the integration will take 18 months. (Image: Fisher Funds)
Victoria Young
The Overseas Investment Office considered an unsolicited objection to the sale of Kiwi Wealth to Fisher Funds, records obtained under the Official Information Act show. Fisher Funds’ deal to purchase state-owned Kiwi Wealth was finalised on Dec 1 last year.  As well as an anonymous submission regarding performance fees and job cuts, the regulator also considered responses from the Department of the Prime Minister and Cabinet, the Financial Markets Authority (FMA), the Ministry of Business, Innovation & Employment (MBIE) and...

More Finance

No longer 'boutique' Generate is executing, CEO says
Finance

No longer 'boutique' Generate is executing, CEO says

The fund manager is now the seventh-largest KiwiSaver provider.

Gregor Thompson 09 May 2025
ANZ half-year profit surges on non-cash gains
Finance

ANZ half-year profit surges on non-cash gains

Cash earnings were flat, and net interest margin rose slightly.

Pattrick Smellie 08 May 2025
BNZ preserves margins on flat half-year
Finance

BNZ preserves margins on flat half-year

BNZ outranks its Australian cousins for customer preference.

Pattrick Smellie 07 May 2025
Westpac's NZ net interest margin expands again
Finance

Westpac's NZ net interest margin expands again

Net interest margins rose in NZ, but shrank for the group as a whole.

Pattrick Smellie 05 May 2025